Illinois Policy Institute
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From Prairie State Wire
Despite Senate raving about $38.5 billion bipartisan budget for FY2019, the numbers don't add up
The $38.5 billion budget passed without a revenue estimate is not what it seems.
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From Prairie State Wire
Population falling, but Illinois government leaders agree to spend, borrow more
Illinois state government leaders say they will spend a record $38.5 billion and borrow an estimated $11.5 billion over the next year, according to a fiscal year 2019 budget plan approved by Gov. Bruce Rauner.
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Policy institute exec joins Rauner in crusade to save taxpayers
Gov. Bruce Rauner is bringing in a "champion" to fight for Illinoisans.
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Rauner replaces Chief of Staff Goldberg with Illinois Policy's Rasmussen
Gov. Bruce Rauner has fired his Chief of Staff Richard Goldberg and replaced him with Illinois Policy Institute President Kristina Rasmussen.
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Illinois held down by economic, moral decay, analyst says
While every state around it continues to grow in population and prosperity, Illinois keeps shrinking under the strain of higher taxes and more regulations, Michael Lucci, vice president of policy for the Illinois Policy Institute, said in an article on the institute's website.
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Overtaxed Illinoisans also seeing nation's smallest growth in personal income
Illinois’ average personal income growth since the Great Recession is tied with Nevada for the worst in the country, according to data from the Pew Charitable Trusts recently published on the Illinois Policy Institute website.
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Skillicorn decries compromise budget
Despite Gov. Bruce Rauner’s pleas for unity on Tuesday night, Rep. Allen Skillicorn (R-East Dundee) told the McHenry Times that he won't vote for a state budget from either party that maintains the status quo.
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Policy expert calls Syverson mistaken: New taxes can't help Illinois
When it comes to putting an end to Illinois’ long and ongoing financial woes, Sen. Dave Syverson (R-Rockford) argues that nothing should be taken off the table.
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McConchie: Taxpayer Bargain meets resistance in Senate as legislators seek 'easy way out'
A plan by two state senators to balance the budget without raising taxes hasn't progressed in the General Assembly, despite evidence that Illinois residents are fed up with high taxes.
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All play and no work — yet legislators still draw paychecks, policy pro argues
Lawmakers have spent very little time in their seats, but at least they got to have play time, Austin Berg wrote on the Illinois Policy Institute website recently.
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Tax analyst: Illinoisans crushed under weight of sales, income, property taxes
Illinoisans pay more in total taxes than anyone else in the nation, so any thoughts about adding to that burden need to be forgotten, a tax analyst argued recently.
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If budget hopes are scrapped, Illinois could become first 'junk' state
The chances that Illinois will reach a budget before May 31 and avoid seeing its bond rating lowered to the worst of any state in history are 50-50 at best, according to Mark Glennon, founder of the business and government website WirePoints told the Sangamon Sun recently.
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Bankruptcy bounces around as backup plan
After two years without a budget and a failed attempt to compromise on a "grand bargain," some in Illinois are asking whether bankruptcy is a viable way out of the state's financial morass.
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'Privilege tax' bills described as Illinois exit signs
Rather than bring in more money for the state, a pair of bills would probably drive more businesses out of Illinois, the founder of a financial website says.
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For many Illinoisans, it's on to Wisconsin
More than 11,000 Illinoisans packed their bags for the Badger State between mid-2015 and mid-2016, according to statistics released by the U.S. Census Bureau recently.
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Illinois households saddled with $56,000 tax burden to pay government employees' retirement debt
Taxpayers across Illinois are saddled with a major tax burden, a recent report from the Illinois Policy Institute concluded.
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McHenry among Illinois counties dealing with population loss
McHenry County was one of the 10 Illinois counties seeing the greatest loss of residents moving to other states between July 2015 and July 2016, according to a U.S. Census chart tweeted by an independent public policy group recently.
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Illinois population dropping sharply
The state of Illinois is losing people faster than any other state in the Midwest.
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Illinois faces continued economic downturn, think tank reports
Illinois lawmakers are considering a multibillion-dollar tax hike that the Illinois Policy Institute says may worsen the state’s already weakened economy.
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Sources say Althoff favors 'grand bargain'
Sen. Pamela Althoff (R-McHenry) is said to be voting for a state budget plan known as the “grand bargain.”